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Tom’s Hardware
Tom’s Hardware
Technology
Anton Shilov

Cerebras shares plunge nearly 20% after missing earnings expectations — hardware sales drop but AI cloud revenue climbs 281%

Cerebras OpenAI
Cerebras Andromeda.

Cerebras on Wednesday reported its financial results for the second quarter, and while its earnings nearly doubled year-over-year, its shares plunged more than 18% in after-hours trading as it missed analysts' expectations, Reuters reports. Furthermore, the company's financial results suggest that Cerebras is increasingly succeeding at selling compute delivered by its hardware, rather than the hardware itself.

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